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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (64889)	10/2/2003 11:28:11 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77397

Perhaps folks who are worried about "job loss" should be looking more closely to those companies that make all those wonderful "productivity" suites. Kind of ironic that the guy in one cube is busy making the guy in the next cube redundant. And vice versa. Mutual Assured Destruction of jobs. Even stranger that the very people who are contributing to this are the ones wailing loudest about it. Aren't you in the business of deploying productivity enhancements? Yes, I am in that business, and I feel that the "productivity metric" that the dept of Labor uses is flawed. It basically measures the output per US worker. But the problem is, since the offshore trend has taken hold, the US workers left have become "project managers" of entire teams of offshore contractors. The money isn't really huge but there are a lot of people over there doing work. So, when the productivity numbers come out, my one job is getting credited with the work of maybe 30 people. That is the issue, it is not that I am 30x more productive due to software. I wondered when you posted that comment to me earlier, whether you really had any insight into this situation or you were just peeved that I was commenting on the damage these practices do to the US economy. It sounds like the latter to me. You aren't in the trenches with this, I AM. BTW I think spending like 1997 is a perfectly reasonable, and conservative estimate for business and consumer in the US economy. This was before the internet blowoff in stocks. And notice now that many internet stocks are within striking distance of their old highs. Some like AOL will never recover. Even amazon looks like he will take out his old highs in a few years, he is only 50% off... same as many corrections.